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AI brief of an SEC Form 8-K · PC Connection (CNXN)

Connection Q4 net income rises 26% to $23.8 million; full-year sales fall 8.8%

Mixed Impact 3 of 5 earnings Written later

PC Connection reported fourth-quarter and full-year 2023 results on February 14, 2024. Quarterly net income rose 26.3% even as net sales fell 4.9%, but full-year net sales fell 8.8% and net income fell 6.7%. The board also raised the quarterly dividend by 25% to $0.10 per share.

Key points

  • Q4 2023 net sales were $696.5 million, down 4.9%; net income was $23.8 million, up 26.3%, or $0.90 per diluted share.
  • Full-year 2023 net sales were $2.9 billion, down 8.8%; net income was $83.3 million, down 6.7%, or $3.15 per diluted share.
  • Quarterly dividend raised 25% to $0.10 per share, payable March 15, 2024, to shareholders of record as of February 27, 2024.
  • Cash and short-term investments were $297.2 million at December 31, 2023, up from $122.9 million a year earlier.

The filing

CompanyPC Connection (CNXN)
Form8-K, current report
Filed with the SECFeb 14, 2024, 4:05 PM ET
Accession number0001157523-24-000244

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:54 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 14, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.